KATHMANDU, July 30: Nepal Stock Exchange (NEPSE) on Wednesday plummeted 47.93 points to close at 2,954.14 points, just on the following day that the market rose to the four-year high index.
The secondary market opened at 3,002.07 points and initially rose to the day’s high at 3,020.16 points in the first seven minutes before going downhill. Subsequently, the index declined to the market open value and stayed almost stable for another one and a half hours. However, the market went downhill in the remaining trading hours, while the overall index declined by 1.59 percent.
Daily turnover at NEPSE plummets to Rs 5.16 billion from Rs 9.2...
Except for two groups including ‘others’ and mutual funds, the remaining 11 groups were the losers. Life insurance plunged by the largest of 253.06 points, which was followed by non-life insurance with a decline of 235.80 points as a total of seven groups lost three-digit points.
The sensitive index which measures the performance of ‘A’ class companies also fell by a notable 11.24 points. The daily turnover also declined significantly to Rs 16.44 billion from Rs 18.52 billion on Tuesday.
Among the individual companies, 23 were gainers while 226 were recorded as losers. Himalayan Reinsurance Limited had the largest turnover of its shares worth Rs 1.32 billion.
Sanvi Energy Limited gained the highest of 10 percent of its market price. Green Development Bank with a decline of 8.04 percent was registered as the highest loser.
